Counter your own greed by adopting a DCA sell strategy.

I think a lot about the last bull run. It was my first and I had the opportunity to make a lot of money. What I lacked was experience.

When the market peaked I had gained a lot, both in percentage and in usd, and had I sold anywhere close to the top I would have been able to buy a home. Instead I'm still renting. My greed for more blinded me to the gains I had already made, and my fomo of the market possibly going back up kept me from taking the gains I still had and pulling out.

Obviously, hindsight is 20-20 and there was no way for me to have known the right moves in the moment, but now with a little experience I hope that next time my journey, and hopefully yours as well, will be more profitable.

Step one: DCA in.

Now is a great time to accumulate. Set up regular transactions to build your stack. I do automatic transactions on payday to always guarantee I'm getting a bit more Bitcoin without needing to think about it.

Step two: calculate your average ownership cost.

This can be tricky if you have a lot of transactions, but if you regularly update a spreadsheet each time you make a buy it becomes a simple task. The reason you need to calculate your average ownership cost is more than just being able to pay accurate taxes. The more important part is understanding exactly how much profit you've made and when it's time to take some profits.

Step three: DCA out.

This is the hardest step of the three. Pick a price where you commit to getting out. You're not trying to time the top, just guarantee you don't lose out on the gains you already have. Personally, I like to start the DCA out phase once I've doubled my initial investment. Let's say for easy math I own 1 BTC for an average of $30k and the price today is $60k. If my original DCA in was $200/month, I'm going to start selling at twice that rate, or $400/month. You can sell at a more aggressive rate if you want to, and that may not be a bad idea. I'm going to continue to do this until I have my initial investment, or in this example $30k, back in USD.

Repeat

Once you have your initial investment out, congratulations! You've officially locked in some profits! Now you can do whatever you want with the money you originally invested, plus you still own some crypto to boot! Take a look at the market and figure out where you want to start DCAing back in.

That's my plan, what do you all think?